NBDS vs. SCHG

Last updated Jun 3, 2026

NBDS (Neuberger Berman Disrupters ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - NBDS is a Technology Equities fund actively managed by Neuberger Berman, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. NBDS is actively managed, while SCHG is passively managed. Over the past 3 years, NBDS returned 23.36%/yr vs 25.53%/yr for SCHG. Their correlation of 0.91 suggests significant overlap in exposure. NBDS charges 0.55%/yr vs 0.04%/yr for SCHG.

Performance

NBDS vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Disrupters ETF (NBDS) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBDS achieves a 18.54% return, which is significantly higher than SCHG's 7.74% return.

NBDS

• 1D: 1.20%
• 1M: 16.93%
• YTD: 18.54%
• 6M: 17.41%
• 1Y: 35.71%
• 3Y*: 23.36%
• 5Y*: —
• 10Y*: —

SCHG

• 1D: -0.57%
• 1M: 5.91%
• YTD: 7.74%
• 6M: 7.31%
• 1Y: 27.05%
• 3Y*: 25.53%
• 5Y*: 16.21%
• 10Y*: 18.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NBDS vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NBDS Neuberger Berman Disrupters ETF	18.54%	19.58%	17.97%	38.55%	-24.65%
SCHG Schwab U.S. Large-Cap Growth ETF	7.74%	17.50%	34.95%	50.10%	-24.19%

Correlation

The correlation between NBDS and SCHG is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Apr 8, 2022	0.91

The correlation between NBDS and SCHG has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

NBDS vs. SCHG - Sectors Allocation Comparison

Sectors	NBDS	SCHG
Technology	65.4%	46.3%
Healthcare	9.1%	7.7%
Consumer Cyclical	6.5%	12.7%
Industrials	5.8%	5.8%
Financial Services	5.7%	6.7%
Communication Services	4.4%	16.0%
Utilities	3.1%	0.4%
Basic Materials	-	1.4%
Consumer Defensive	-	1.7%
Energy	-	0.8%
Real Estate	-	0.5%

Return for Risk

NBDS vs. SCHG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NBDS

NBDS Risk / Return Rank: 35
NBDS Sharpe Ratio Rank: 41
NBDS Sortino Ratio Rank: 38
NBDS Omega Ratio Rank: 38
NBDS Calmar Ratio Rank: 30
NBDS Martin Ratio Rank: 28

SCHG

SCHG Risk / Return Rank: 43
SCHG Sharpe Ratio Rank: 50
SCHG Sortino Ratio Rank: 48
SCHG Omega Ratio Rank: 49
SCHG Calmar Ratio Rank: 34
SCHG Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NBDS vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Disrupters ETF (NBDS) and Schwab U.S. Large-Cap Growth ETF (SCHG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NBDS	SCHG	Difference
Sharpe ratio Return per unit of total volatility	1.46	1.76	-0.30
Sortino ratio Return per unit of downside risk	1.99	2.37	-0.38
Omega ratio Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio Return relative to maximum drawdown	1.51	1.70	-0.19
Martin ratio Return relative to average drawdown	3.97	5.70	-1.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBDS vs. SCHG - Sharpe Ratio Comparison

The current NBDS Sharpe Ratio is 1.46, which is comparable to the SCHG Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of NBDS and SCHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NBDS	SCHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.76	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.85	-0.33

Drawdowns

NBDS vs. SCHG - Drawdown Comparison

The maximum NBDS drawdown since its inception was -29.81%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for NBDS and SCHG.

Drawdown Indicators

	NBDS	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-29.81%	-34.59%	+4.78%
Max Drawdown (1Y) Largest decline over 1 year	-23.96%	-16.41%	-7.55%
Max Drawdown (3Y) Largest decline over 3 years	-28.51%	-23.39%	-5.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.59%	—
Current Drawdown Current decline from peak	0.00%	-0.57%	+0.57%
Average Drawdown Average peak-to-trough decline	-9.53%	-5.20%	-4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.13%	4.90%	+4.23%

Volatility

NBDS vs. SCHG - Volatility Comparison

Neuberger Berman Disrupters ETF (NBDS) has a higher volatility of 8.81% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 3.31%. This indicates that NBDS's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBDS	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.81%	3.31%	+5.50%
Volatility (6M) Calculated over the trailing 6-month period	19.41%	11.56%	+7.85%
Volatility (1Y) Calculated over the trailing 1-year period	24.53%	15.45%	+9.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.65%	22.27%	+5.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.65%	21.55%	+6.10%

NBDS vs. SCHG - Expense Ratio Comparison

NBDS has a 0.55% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

NBDS vs. SCHG - Dividend Comparison

NBDS's dividend yield for the trailing twelve months is around 0.32%, less than SCHG's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NBDS Neuberger Berman Disrupters ETF	0.32%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHG Schwab U.S. Large-Cap Growth ETF	0.36%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both NBDS and SCHG in my portfolio?

NBDS and SCHG have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBDS or SCHG?

NBDS has higher volatility (8.81%) compared to SCHG (3.31%). In terms of maximum drawdown, NBDS dropped -29.81% vs SCHG's -34.59%.

Which ETF is better, NBDS or SCHG?

On 3-year performance, SCHG leads with 25.53% vs 23.36% for NBDS. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 3.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBDS or SCHG?

Over the 3-year period, SCHG has performed better with a 25.53% return vs 23.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NBDS or SCHG?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.55% for NBDS.

Which ETF pays a higher dividend yield, NBDS or SCHG?

SCHG has the higher dividend yield at 0.36%, compared with 0.32% for NBDS.

What is the main difference between NBDS and SCHG?

NBDS is categorized as Technology Equities, while SCHG is Large Cap Growth Equities. They also come from different issuers: Neuberger Berman and Charles Schwab. Their fees differ too: 0.55% for NBDS and 0.04% for SCHG.

Which has better risk-adjusted returns?

SCHG currently has the higher Sharpe Ratio (1.76 vs 1.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.